CAESAREA, ISRAEL – Cyber Observer completed a USD 3 million funding round, led by UK-based Talis Capital with participation from existing investors Swarth Group. Cyber Observer provides breakthrough cybersecurity orchestration and awareness management that provides CISOs and security domain managers with an unprecedented comprehensive view of their enterprises’ cybersecurity health.
Driven by a powerful patented analytics engine, Cyber Observer monitors in real-time and provides 3 layers of information:
-Foolproof indicators of the types of cybersecurity tools that are misconfigured, malfunctioning, or lacking.
-Security gaps that exist in each security domain, alongside recommendations for pro-active steps to be taken to close them.
-Continuous analytics that provide alerts on deviation from normal behavior.
Cyber Observer can be automatically deployed on a corporate network in a matter of a few hours, predefined with security domains and CSC measurements to deliver real-time view of your network’s health” said Itzik Weinstein, CEO of Cyber Observer. “Our customers already include some of the largest companies in Israel and the world – from commodity trading giants in the USA, to large energy companies in APAC – our technology delivers inestimable value to their security teams.
Cyber Observer was founded in 2011 by Shimon Becker, Moti Ram and Oded Mass, a team of Israeli security software experts with extensive experience in the methodology, development and management of complex technological systems that combine information technology and people.
“The cyber-security market has an immense number of companies offering products and services to protect digital assets from unauthorized access and malicious use” said Vasile Foca, Managing Partner and Co-Founder of Talis Capital. “The growing number of cyber products required to secure enterprises from internal and external threats is growing, and require management tools to centrally control, reduce risk and exposure, and prioritize threats. We see Cyber Observer as being at the front of this market and are excited at the company’s trajectory”.
The global security management market is forecasted to reach $4.5 B by 2018, with traditional analyst-led event and threat response capabilities increasingly replaced by automated decision-making software solutions. Given a forecasted shortfall of 1.5 million trained security experts by 2020, security teams require the increased efficiencies afforded by Cyber Observer.
The investment will help Cyber Observer to meet growing international demand and expand R&D to increase product development.
About Cyber Observer: Cyber Observer is a powerful, comprehensive and easy-to-use orchestration and awareness solution that enables Chief Security Officers, Chief Compliance Officers and IT executives to effectively secure their organizations against cyber-threats. Developed by cybersecurity experts, Cyber Observer uses our patented core engine and Critical Security Controls (CSCs) measurements to present a clear picture of enterprise-wide cybersecurity ecosystem status and preparedness at any given moment, alerting to breaches and threats as they arise and actions to be taken to secure critical infrastructures across the security eco-system. Learn more at https://www.cyber-observer.com/
About Talis Capital: Talis Capital is a London-based venture capital firm, focused on B2B technology companies within three key areas: Security, Business Intelligence/SaaS and Financial Services. Talis Capital has completed over $380m of transactions since 2009 and has a strong record of investments. Talis has made over 30 venture investments and count some of the fastest growing tech start-ups in its portfolio – Darktrace, Onfido, Iwoca, – among many others. Learn more at www.taliscapital.com
About Swarth Group: Swarth Group is a privately held investment company, controlled by Shaul Shani. Swarth team has a substantial track record in building and managing companies in the technology and telecom industries. Swarth invests in various technology and telecom oriented ventures, Cyber Security companies, Clean-Tech and FinTech ventures.